The Chairman of the National Assembly, Senator Ahmad Lawan has directed the Finance Committees of the federal parliament to liaise with the Federal Ministry of Finance with a view to consider an amendment to the recently signed Finance Act 2022 in order to forestall avoidable loss of revenues.

This is just as Lawan also said revenue generating agencies of the federal government were capable of generating and remitting N3 trillion annually to the federation account if efforts were made to cut down on wasteful spendings.

The Senate President stated these at a meeting with the revenue generating agencies of the federal government at the Senate Wing of the National Assembly complex. The interactive session was, “on the need to improve internally generated revenue of the federal government of Nigeria and Revenue Projections of the Agencies as Contained in the Appropriation Act 2022.”

The Comptroller General of the Nigerian Customs Service (NCS), Col. Hameed Ali (retd.) caused a stir at the meeting when he raised the alarm that the Finance Act passed last month, incapacitated the NCS and other revenue generating agencies apart from the Federal Inland Revenue Service (FIRS) from collecting revenues.